SMB Index Declines Slightly Over the Course of a Volatile June | Street Fight

SMB Index Declines Slightly Over the Course of a Volatile June

SMB Index Declines Slightly Over the Course of a Volatile June

June was a volatile month in the public markets, which saw the SurePath SMB Index give back 1.1%, after climbing 7.9% in May.

The SCP SMB Index retreated 1.1% in June. The S&P 500 and Dow Jones also experienced declines during the month, of 0.2% and 1.6%, respectively. The Nasdaq experienced a slight gain of 0.6%.

Returns since inception (indexed at Jan 4, 2016)

Since the inception of the SCP SMB Index in January 4, 2016 (where 100% is no change), here are the returns until June 30, 2018:

  • SCP SMB Index — 160.18%
  • S&P 500–135.06%
  • Nasdaq — 153.17%
  • Dow Jones — 141.53%

Monthly gains

During June, the SCP SMB Index fell from $141.45 at the end of May to $139.94.

In comparison, during the month of June, other benchmark indices made the following moves:

  • the S&P 500 was flat, down 0.2% during the month of June
  • the Nasdaq climbed 0.6% from the end of May
  • the Dow Jones fell 1.6% since the end of May

Drivers of movement

The SCP SMB Index is weighted based on the market capitalization of the 35 companies that are included in the index. The market cap of the top five companies (by market cap) accounts for ~55% of the total market cap of all 35 companies and therefore the movement of these five companies influences the SMB Index as a whole.

All five of the top five constituents gained during the month of June, led by First Data Corp, up 10.2% during the month.

Below are the top 5 winners and losers in the index for June.

Web.com led the gainers, up 31.5% in the month of June (due to an acquisition offer) while LendingTree led the list of losers, down 17.7% during the month.

Here’s how all 35 companies stacked up in the month of June

24 out of the 35 companies in the SCP SMB Index experienced gains in the month of June.